Federal Mortgage Laws Update 2019

Update of Federal Mortgage Laws 2018

Statutory and Regulatory Update 2018

Outline

1. Permissible Fees and Finance Charges
2. The Black Hole
3. Regulatory Environment
4. Regulatory Relief and Consumer Protection Act

Learning Objectives

1.           
   To understand 2018 Regulatory updates during the past year
2.           
   To understand the 2018 TRID rule
3.           
   To understand how the tolerance may be reset
4.           
   To understand what are changes in circumstances
5.           
   To understand the three-day waiting period for a corrected Closing Disclosure
6.           
   To understand THE BLACK HOLE
7.           
   To better understand violations under TRID
8.           
   To understand when there is a violation in the tolerances, lenders must refund borrowers
9.           
   To understand what failures to reimburse consumers may constitute
10.           
    To understand the effect of the CFPB slowing down enforcement actions
11.           
    To understand ECONOMIC GROWTH, REGULATORY RELIEF AND CONSUMER PROTECTION ACT
12.           
    To understand how the SAFE Act was amended
13.           
    To understand the requirements to qualify for transitional licensing
14.           
    To understand the new law and what consumers must be permitted to do
15.           
    To know how Veterans applying for a refinance are affected

Teaching Methods:

Power Points, Video PowerPoint Presentation and Quiz